FTSE nears 6,500 mark

clock

The FTSE 100 is up 36.1 points, or 0.56%, to 6,498, as mining and energy stocks push the index towards 6,500 despite a fall by financials.

Royal Bank of Scotland is the biggest faller ahead of ABN Amro’s Annual General Meeting (AGM) today with a drop of 0.65% to £19.85, while BP has slipped 0.26% to 570p. Legal & General is also down 0.57% to 156.3p, as it posted first quarter revenue which is 6% below expectations, despite a rise in quarterly new UK life and pensions volumes of 27% to £303m. Centrica has dropped 0.2% to 383p, closely followed by Sainsbury which has slipped 0.18% to 567p, although losses are being offset by Standard Chartered Bank which is up 1.69% to £15.69. Detica Group is posting the biggest gains wit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read